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$584,200

Beds
Unknown
sq ft
Unknown

2710 12th St NE, Washington, DC 20018

2710 12th St NE

WASHINGTON, DC 20018

  • 17 days on market
For an Investor/Builder/Developer or house hacking primary residence owner. Build this potential 6 unit and sell as condos or don’t subdivide it and create a 6 unit apartment. Or live in one and rent / AirBnB the others. This commercially zoned vacant lot is perfect for a by right project as it helps avoid so many of the complexities associated with adding to DC’s housing stock. --No chimney setback issues --No adjoining property on either side that would cause 10’ rule --The previous structure was already demolished eliminating that risk and cost --There’s no required lengthy underpinning of adjoining structures --The property already has a curb cut. --Schematic Design phase with Cross Design Group already paid for. --New structure would still not connect to neighboring structures on either side. The architecture firm has determined there’s a total buildable square footage of 5,184sf if you go for the IZ bonus. Please see the prospective pro forma in the photos that is made in accordance with the buildable square footage and uses a cost of construction equal to $225 per sf. The property is fenced off for safety so please view property at your own risk.

Details

Property type

Est. home value

$676,860

Lot size

2,475 sq ft

Price per sq ft

Unknown

Year built

1900

Annual property taxes

$3,872

HOA

No

Price History

06/19/2024

Bright #DCDC2147074

Listed
$584,200
+143.42%
04/13/2022

Bright #DCDC503006

Sold
$240,000

Schools & Community

Neighborhood: 

Brookland

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Security One Lending

Loan start date

March 2013

Original loan amount

$723,000

Est. remaining balance

Not provided

Interest rate

3.53%

Loan type

Reverse Mortgage (Home Equity Conversion Mortgage), 67 year

Seller

Norman Mccrea

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/05/2024 at 11:10 PM

Listing updated: 07/02/2024 at 1:13 AM

Listed by: Adrian K Dungan, RLAH @properties Phone #: (202) 518-8781

MLS: Bright #DCDC2147074

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